House prices: fix your eye on the northwest

This seven-bedroom Georgian house in Kidderminster, Worcestershire, is on sale for £1.25 million through Knight Frank

If you want to make money, head northwest. This is the message to investors as house prices slow across much of the UK, but rise in the northwest of England. In Blackburn, Lancashire, house prices year on year rose 16.4 per cent in January, according to Your Move, an estate agency.

What is happening in London?Prices in London fell by 2.6 per cent in the 12 months to January, according to Your Move’s latest report, although there have been increases in boroughs such as Bexley, southeast London (up by 4.5 per cent over the same period) and Waltham Forest, northeast London (up by 3.1 per cent). The most expensive boroughs suffered the most: in Wandsworth, southwest London, the average house price tumbled by 14.9…

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